Apple Inc. (NASDAQ:AAPL) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,530,500 shares of the iPhone maker’s stock after selling 668,500 shares during the period. Apple makes up approximately 3.0% of Two Sigma Advisers LP’s holdings, making the stock its biggest holding. Two Sigma Advisers LP’s holdings in Apple were worth $1,288,606,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AAPL. 1620 Investment Advisors Inc. lifted its position in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC increased its stake in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after purchasing an additional 46 shares in the last quarter. Verus Financial Partners Inc. raised its holdings in Apple by 0.3% during the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock worth $3,566,000 after purchasing an additional 48 shares during the last quarter. Menard Financial Group LLC boosted its position in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after purchasing an additional 48 shares in the last quarter. Finally, Lowery Thomas LLC grew its holdings in Apple by 0.7% in the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock valued at $1,602,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AAPL has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays increased their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Wedbush reiterated an “outperform” rating and set a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Stock Up 0.0 %

AAPL opened at $227.65 on Tuesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a 50 day moving average price of $241.26 and a 200 day moving average price of $231.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $3.42 trillion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.